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Technology Stocks : SDLI - JDSU transition -- Ignore unavailable to you. Want to Upgrade?

To: Glenn McDougall who wrote (299)	2/20/2001 7:34:51 AM
From: JustTradeEm	Read Replies (1) \| Respond to of 3294

I believe this entire episode says a great deal about the management of both NT and JDSU .... none of it very good. Seems JD is covering their own lack of due diligence on this deal; perhaps to ward off lawsuits from their own shareholders. Just a thought .... JB

To: Glenn McDougall who wrote (299)	2/20/2001 8:52:57 AM
From: im a survivor	Read Replies (1) \| Respond to of 3294

<<Sources say the OSC is probing the timing of Nortel's public disclosure about its financial affairs. Specifically, the OSC is expected to review statements Mr. Roth made last Monday in a conference call with stock analysts during which he predicted the telecommunication giant would meet financial expectations. The following day, Nortel closed its deal with JDS and two days later, the company announced deteriorating financial results.>>>>> I would hope this would seem as a positive for jdsu regardless of outcome?? I assume the jdsu/sdli deal is a done deal...regardless of the zurich plant, am I correct to assume that regardless, jdsu and sdli will remain as one....the biggest FO gorilla on the block??? If so, then jdsu has nothing to lose.......the worst casr scenario is nothing happens and jdsu, like all NT shareholders will wait until the naz snaps back and their stock should reboud. However, given that Roth states earnings are untrack, they close the deal, then throw a huge bomb just a day or two later....first, there is no way that Roth could not have known about the slowdown, lower guidance, layoff's and etc, etc....My gosh, the man runs the company and these things that transpired, did not happen over night. I am not part of the sec, but it seem;s clear to me, the average joe, that Roth new the facts, but did not disclose them to jdsu which they had a legal right to do, and purposely waited for the stock to change hands before dropping their bomb. You can't tell me with such a huge warning and lowered guidance, layoff's and etc, that the head of the company just found out from a sales meeting...c'mon now. My hope is first that if jdsu sue's, it will not act as a fud cloud over jdsu, we have nothing to lose at this point, but still, it concerns me because lawsuits and fud tend to hold a stock price back and the last thing we need now is more fud to drop us even further. Hopefully, shareholders and analysts will see the negative already in jdsu's stock price as reflected by our $9+ hit on the NT news, and hopefully they will see this as either a no lose or win situation. Secondly, I would hope as obvious as NT was with their timing and disclosure, that the sec would pressure them to make it right with jdsu, or they will go up their A44 with a magnifying glass to see what and when roth knew of this...hopefully, roth agree's for NT to compensate jdsu with more shares or possible an agreement for more shares if NT stock doesnt rebound.....that would be a positive for jdsu. Anyway...what do folks think about this.....how will a jdsu suit against NT effect jdsu's stock price and can it have any effect on the already closed merger with jdsu and sdli? Thanks keith

To: Glenn McDougall who wrote (299)	2/20/2001 9:24:08 AM
From: pat mudge	Respond to of 3294

Glenn -- I'm glad the OSC is examining the timing of announcements and I'm glad JDSU is considering a law suit. AFter all, it's not as though NT can take its business elsewhere. In the actives, at least, there are still long lead-times. Pat

To: Glenn McDougall who wrote (299)	2/20/2001 10:30:12 AM
From: AMF	Read Replies (1) \| Respond to of 3294

<<...a routine meeting with sales managers last week forced the company to alter its financial forecasts.>> This is the part I simply don't understand, as though, by chance, the sales managers dropped and and guess what, we found out that my big predictions are all wrong - so sorry. The fact that JDS was taken unawares makes my heart sink - costly litigation going nowhere for years is an unpalatable option. I would think that sticking it to JDS was thoroughly discussed at Nortel before the deal was signed with JDS and Roth, who has always struck me as brilliant albeit arrogant, must be fairly sure he can muscle this through. Its a very poor show indeed on his part.